Energy Income Partners LLC Has $8.20 Million Stock Position in Kimbell Royalty $KRP

Key Points

• Energy Income Partners LLC increased its stake in Kimbell Royalty by 231.4%, acquiring an additional 409,175 shares during the first quarter, bringing its total holdings to 585,969 shares.
• Analysts have dropped Kimbell Royalty's rating from "buy" to "hold," with one analyst giving it a "sell" rating, indicating a shift in investor sentiment.
• Kimbell Royalty recently disclosed a dividend of $0.38 per share, but its dividend payout ratio is currently at a staggering -3,800.00%.

Energy Income Partners LLC raised its position in shares of Kimbell Royalty (NYSE:KRP - Free Report) by 231.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 585,969 shares of the energy company's stock after purchasing an additional 409,175 shares during the quarter. Energy Income Partners LLC owned about 0.55% of Kimbell Royalty worth $8,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KRP. Bessemer Group Inc. acquired a new stake in shares of Kimbell Royalty during the 1st quarter valued at $29,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Kimbell Royalty during the 1st quarter valued at $34,000. GAMMA Investing LLC acquired a new stake in shares of Kimbell Royalty during the 1st quarter valued at $34,000. Chilton Capital Management LLC acquired a new stake in shares of Kimbell Royalty during the 1st quarter valued at $44,000. Finally, MAI Capital Management lifted its position in shares of Kimbell Royalty by 4,300.0% during the 1st quarter. MAI Capital Management now owns 4,400 shares of the energy company's stock valued at $62,000 after acquiring an additional 4,300 shares during the last quarter. 25.78% of the stock is owned by institutional investors.

Kimbell Royalty Price Performance

Shares of NYSE:KRP traded down $0.02 during trading on Thursday, reaching $13.73. The stock had a trading volume of 354,735 shares, compared to its average volume of 732,602. Kimbell Royalty has a 52 week low of $10.98 and a 52 week high of $16.99. The business's 50-day moving average price is $14.24 and its 200 day moving average price is $13.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.45 and a quick ratio of 5.45. The stock has a market capitalization of $1.48 billion, a PE ratio of -343.13 and a beta of 0.57.

Kimbell Royalty (NYSE:KRP - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.12). The firm had revenue of $86.55 million during the quarter, compared to the consensus estimate of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The business's revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. As a group, equities analysts predict that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.1%. Kimbell Royalty's dividend payout ratio (DPR) is currently -3,800.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. KeyCorp reduced their target price on Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday. Wall Street Zen lowered Kimbell Royalty from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Finally, Zacks Research lowered Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $17.20.

Kimbell Royalty Profile